Global X China Consumer ETF (NYSEARCA:CHIQ) Stock Price Up 2.9% – Here’s Why

Global X China Consumer ETF (NYSEARCA:CHIQ)’s share price shot up 2.9% during trading on Tuesday . The company traded as high as $18.58 and last traded at $18.40. Approximately 31,999 shares were traded during trading, a decline of 48% from the average daily volume of 61,537 shares. The stock had previously closed at $17.88.

Global X China Consumer ETF Stock Performance

The stock has a market cap of $248.03 million, a P/E ratio of 24.41 and a beta of 1.18. The business has a 50 day simple moving average of $19.63 and a 200-day simple moving average of $18.64.

Institutional Trading of Global X China Consumer ETF

A hedge fund recently bought a new stake in Global X China Consumer ETF stock. Sanctuary Advisors LLC acquired a new position in Global X China Consumer ETF (NYSEARCA:CHIQ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 35,554 shares of the company’s stock, valued at approximately $764,000. Sanctuary Advisors LLC owned approximately 0.26% of Global X China Consumer ETF as of its most recent filing with the Securities & Exchange Commission.

About Global X China Consumer ETF

Global X China Consumer ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive China Consumer Index (the Underlying Index). The Underlying Index is a free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure performance of the investable universe of companies in the Consumer sector of the Chinese economy, as defined by Structured Solutions AG.